2020-11-15T09:45:25-06:00 2019-12-31 BKD LLP 201 N Illinois Street Indianapolis IN 46204 990 2019-01-01 366066772 Alliant Credit Union % KEVIN DEVLIN ALLI 7734622017 11545 W Touhy Avenue Chicago IL 60666 KEVIN DEVLIN VP OF ACCOUNTING 7734622017 2020-11-15 true MICHAEL J SUMMERS P00838533 3173834000 2020-11-15 167.68.126.162 43033020203205000013 2020-11-15 P 76DD2D6F81655E34DBF6BA73170673781420C7C0 D28352AA58614FAA5D3037BA09B51FA48B348491 2019 2021-04-22 16:20:28Z DAVID MOONEY 11545 W TOUHY AVENUE CHICAGO IL 60666 1491963313 false X WWW.ALLIANTCREDITUNION.ORG X 1935 IL WE OPERATE TO BENEFIT MEMBERS. WE OPERATE WITHOUT PROFIT FOR MUTUAL PURPOSE. WE STRIVE TO BENEFIT OUR MEMBERS THROUGH HIGHER DIVIDENDS ON SAVINGS AND LOWER LOAN RATES. 11 10 725 10 1060722 170109 0 0 374231166 432512918 44617581 78604744 3495693 3833165 422344440 514950827 10000 15000 0 0 76166035 83269856 0 0 0 284637570 377678044 360813605 460962900 61530835 53987927 11226543829 12244742402 10085697970 11026478004 1140845859 1218264398 ALLIANT CREDIT UNION OPERATES TO BENEFIT MEMBERS. ALLIANT CREDIT UNION OPERATES WITHOUT PROFIT FOR MUTUAL PURPOSE. WE STRIVE TO BENEFIT OUR MEMBERS THROUGH HIGHER DIVIDENDS ON SAVINGS AND LOWER LOAN RATES. false false LENDING SERVICES - WE OFFER VARIOUS CREDIT SOLUTIONS AT REASONABLE RATES OF INTEREST INCLUDING 1ST AND 2ND MORTGAGE, CONSUMER LOANS, STUDENT LOANS, CREDIT CARDS, PERSONAL LOANS AND BUSINESS LOANS. DEPOSIT PRODUCTS - WE OFFER NUMEROUS DEPOSIT PRODUCTS AT A HIGHER THAN AVERAGE INTEREST RATE INCLUDING CHECKING, SAVINGS, CERTIFICATE OF DEPOSITS, AND CUSTODIAL ACCOUNTS. INVESTMENT SERVICES - FULL SERVICE FINANCIAL ADVISORY PROGRAM OFFERING MEMBERS RETIREMENT, INSURANCE, AND INVESTMENT SERVICES. false false true false false false false true false true false false false true false false false false false false false false false false false false false true true false false false false false false false false false false false true false false true 234269 0 true 725 true true true false false false false false true false X 11 10 false false false false true true false true true false true true false true true true true true true true false X KEVIN DEVLIN 7734622017 11545 W TOUHY AVENUE CHICAGO IL 60666 DAVID MOONEY EXECUTIVE DIRECTOR/CEO 40.0 1.0 X X 1568389 0 413671 TIMOTHY WARTMAN SENIOR VICE PRESIDENT 40.0 0.0 X 568416 0 123031 LEE SCHAFER SENIOR VICE PRESIDENT 40.0 0.0 X 553771 0 121333 PHILIP SALIS SENIOR VICE PRESIDENT 40.0 0.0 X 545676 0 120567 JASON OSTERHAGE SENIOR VICE PRESIDENT 40.0 0.0 X 541879 0 113457 HARRY ZHU CFO 40.0 0.0 X 519366 0 107952 CHARLES MELIDOSIAN-END MANAGER, INFORMATION SECURITY 40.0 0.0 X 481818 0 1655 GEORGE RUDOLPH END 03 SENIOR VICE PRESIDENT 40.0 0.0 X 298983 0 89185 KENNETH SCHAAFESMA VP, ENTERPRISE RISK MGMT & CRO 40.0 0.0 X 357264 0 22456 MARK LAU VP, FINANCE & RISK MGMT 40.0 0.0 X 333087 0 28572 MICHELLE SPELLERBERG VP, MARKETING&DIGITAL STRATEGY 40.0 0.0 X 330940 0 30208 LAURA WALLACE VP, MEMBER CARE 40.0 0.0 X 324338 0 28264 AL PITCHER VP, INFORMATION TECHNOLOGY 40.0 0.0 X 318680 0 33340 STEPHEN ANDERSON VP COMPLIANCE & CCO 40.0 0.0 X 323767 0 28233 CHARLES KRAWITZ VP, COMMERICIAL LENDING 40.0 0.0 X 324050 0 27294 WILLIAM PODBORNY VP, NETWORK & SECURITY OFFICER 40.0 0.0 X 314054 0 29219 WAYNE ROSENWINKEL CHIEF INVESTMENT OFFICER 40.0 1.0 X 301446 0 23030 MEREDITH RITCHIE VP, GENERAL COUNSEL 40.0 1.0 X 293719 0 30201 DORIN LADAN DIRECTOR, BSA/OFAC OFFICER 40.0 0.0 X 182886 0 10043 EDWARD J ROGOWSKI CHAIRPERSON 1.0 0.0 X 0 0 0 LEE ACHORD BOARD MEMBER, VICE CHAIRPERSON 1.0 0.0 X 0 0 0 IRWIN GZESH BOARD MEMBER, BOARD SECRETARY 1.0 0.0 X 0 0 0 JULIAN CHU BOARD MEMBER 1.0 0.0 X 0 0 0 TED DAVIDSON BOARD MEMBER 1.0 0.0 X 0 0 0 DAVID LEIB BOARD MEMBER 1.0 0.0 X 0 0 0 ANNE PEASE BOARD MEMBER 1.0 0.0 X 0 0 0 FARHAN SIDDIQI BOARD MEMBER 1.0 0.0 X 0 0 0 SCOTT WILSON BOARD MEMBER 1.0 0.0 X 0 0 0 SABRINA KING BOARD MEMBER 1.0 0.0 X 0 0 0 8482529 0 1381711 238 false true false TEKSYSTEMS PO BOX 198568 ATLANTA GA 303848568 STAFFING FIRM 1248598 MINDTREE LTD 25 INDEPENDENCE BLVD STE 401 WARREN NJ 07059 software development 1734857 SOFTWEB SOLUTIONS 7950 Legacy Drive Suite 250 PLANO TX 75024 business tech svcs 2084954 FORBES TECHNICAL CONSULTING LLC 401 N FRANKLIN ST SUITE 3S CHICAGO IL 60654 TECH CONSULTING FIRM 866215 WILLOWTREE INC PO BOX 2188 CHARLOTTESVILLE VA 22902 software development 1301767 15 0 LOAN INTEREST INCOME 522130 411983082 411983082 SERVICE FEES 522130 7272998 7257867 15131 INVESTMENT SERVICES 522130 2554602 2554602 INTERCHANGE INCOME 522130 1575372 1575372 INSURANCE INCOME 522130 4085090 3039499 1045591 5041774 5041774 432512918 70036441 70036441 0 0 0 0 0 138309836 847270953 137979446 839033040 330390 8237913 8568303 8568303 0 0 0 0 0 0 0 0 0 MISC INCOME - BOLI 522130 3833165 3833165 3833165 514950827 513890105 1060722 0 15000 0 0 7954020 0 60569240 2852262 7422526 4471808 0 526278 232875 0 0 0 7473473 4507139 6595980 12621880 0 3162137 1611666 0 1165471 234739031 0 14174601 477381 PROVISION FOR LOAN LOSS 58284446 MORTGAGE SERVICING FEES 5888191 CREDIT CARD SERVICING FEES 3571071 ATM SERVICING FEES 4562361 18084063 460962900 0 0 401899461 232692689 0 0 35655091 40463850 0 0 0 0 8574850712 8371450253 0 0 7529067 8980453 127572952 81522332 47555971 46050620 1863067206 3151828578 502500 502500 0 0 113962 59260 295369859 392714199 11226543829 12244742402 54825545 67375568 0 0 3241940 2885355 0 0 0 0 0 0 0 0 0 0 10027630485 10956217081 10085697970 11026478004 X 0 0 0 0 1140845859 1218264398 1140845859 1218264398 11226543829 12244742402 53987927 23430612 X false true X true false 2500 2500 2500 true CUPAC 1807 W DIEHL ROAD PO BOX 3107 NAPERVILLE IL 60566 363092340 2500 SCHEDULE C, PART I-A, LINE 1 THE CONTRIBUTION OF $2,500 IS RELATED TO THE CREDIT UNION POLITICAL ACTION COUNCIL. ITS SOLE PURPOSE IS TO PROMOTE GOOD GOVERNMENT AND FAVORABLE LEGISLATIVE CLIMATE FOR CREDIT UNIONS THROUGH RAISING AND DISBURSING FUNDS TO POLITICAL CANDIDATES, REGARDLESS OF PARTY AFFILIATION, WHO ARE SUPPORTIVE OF CREDIT UNION ISSUES. false true X 0 8511229 5856232 2654997 0 8206798 4864427 3342371 0 110854925 70801673 40053252 46050620 0 MEMBER AND NON MEMBER SHARES 10043240755 FHLB BORROWINGS 681500000 REPURCHASE AGREEMENTS 223610000 CLEARING -1259656 INVESTMENT DERIVATIVE 6556429 OTHER 2569553 10956217081 SCHEDULE D, PART IV, LINE 2B THE AMOUNT INCLUDED IN PART X LINE 21 IS RELATED TO ESCROW BALANCES FOR TAXES AND INSURANCE PAID ON BEHALF OF THE MEMBER FOR MORTGAGE LOANS ON RESIDENTIAL PROPERTY. Schedule D, Part X, Line 2 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. true COLLEGE SCHOLARSHIP 6 15000 SCHEDULE I, PART 1, LINE 2 COLLEGE SCHOLARSHIP ASSISTANCE IS PROVIDED DIRECTLY TO THE INSTITUTION WHERE THE AWARD RECIPIENTS ATTEND. THE APPLICANT MUST BE AN ALLIANT MEMBER IN GOOD STANDING AND HAVE AN ALLIANT SAVINGS ACCOUNT IN HIS/HER NAME. THE APPLICANT MUST BE APPLYING TO OR ENROLLED IN AN ACCREDITED UNDERGRADUATE PROGRAM AT A COLLEGE, UNIVERSITY, OR VOCATIONAL/TECHNICAL INSTITUTION DURING THE FALL SEMESTER (MINIMUM 12 CREDIT HOURS PER SEMESTER, GRADUATE PROGRAMS DO NOT QUALIFY). ALLIANT EMPLOYEES, MEMBERS OF THE BOARD OF DIRECTORS, SCHOLARSHIP COMMITTEE MEMBERS, AND THEIR FAMILY MEMBERS OF THE SAME HOUSEHOLD ARE NOT ELIGIBLE. X X X true true false DAVID MOONEY EXECUTIVE DIRECTOR/CEO 1055740 0 499244 0 13405 0 404610 0 9061 0 1982060 0 0 0 PHILIP SALIS SENIOR VICE PRESIDENT 383121 0 144853 0 17702 0 111234 0 9333 0 666243 0 0 0 TIMOTHY WARTMAN SENIOR VICE PRESIDENT 390627 0 148043 0 29746 0 112557 0 10474 0 691447 0 0 0 LEE SCHAFER SENIOR VICE PRESIDENT 381278 0 147142 0 25351 0 110859 0 10474 0 675104 0 0 0 JASON OSTERHAGE SENIOR VICE PRESIDENT 383438 0 142937 0 15504 0 103993 0 9464 0 655336 0 0 0 GEORGE RUDOLPH END 032019 SENIOR VICE PRESIDENT 134119 0 136620 0 28244 0 87619 0 1566 0 388168 0 0 0 HARRY ZHU CFO 364738 0 139425 0 15203 0 96174 0 11778 0 627318 0 0 0 WAYNE ROSENWINKEL CHIEF INVESTMENT OFFICER 209275 0 78510 0 13661 0 17998 0 5032 0 324476 0 0 0 MEREDITH RITCHIE VP, GENERAL COUNSEL 204771 0 79448 0 9500 0 20727 0 9474 0 323920 0 0 0 WILLIAM PODBORNY VP, NETWORK & SECURITY OFFICER 217521 0 82658 0 13875 0 21445 0 7774 0 343273 0 0 0 KENNETH SCHAAFESMA VP, ENTERPRISE RISK MGMT & CRO 260706 0 96298 0 260 0 13500 0 8956 0 379720 0 0 0 AL PITCHER VP, INFORMATION TECHNOLOGY 219976 0 86281 0 12423 0 21666 0 11674 0 352020 0 0 0 MICHELLE SPELLERBERG VP, MARKETING&DIGITAL STRATEGY 231242 0 86000 0 13698 0 19234 0 10974 0 361148 0 0 0 CHARLES MELIDOSIAN-END 102019 MANAGER, INFORMATION SECURITY 139856 0 53840 0 288122 0 1655 0 0 0 483473 0 0 0 MARK LAU VP, FINANCE & RISK MGMT 236110 0 86966 0 10011 0 22098 0 6474 0 361659 0 0 0 STEPHEN ANDERSON VP COMPLIANCE & CCO 231655 0 82612 0 9500 0 18759 0 9474 0 352000 0 0 0 CHARLES KRAWITZ VP, COMMERICIAL LENDING 214434 0 90108 0 19508 0 19396 0 7898 0 351344 0 0 0 LAURA WALLACE VP, MEMBER CARE 223361 0 82377 0 18600 0 22965 0 5299 0 352602 0 0 0 DORIN LADAN DIRECTOR, BSA/OFAC OFFICER 151074 0 31812 0 0 0 5649 0 4394 0 192929 0 0 0 SCHEDULE J, PART I, LINE 4A CHARLES MELIDOSIAN RECEIVED A SEVERANCE PAYMENT WHICH HAS BEEN INCLUDED IN SCHEDULE J COLUMN (B)(III) FOR OTHER REPORTABLE COMPENSATION. SCHEDULE J, PART I, LINE 4B ALLIANT OFFERS A SUPPLEMENTAL DEFERRED COMPENSATION PROGRAM TO SVP'S AND ABOVE. THE AMOUNT IS AS FOLLOWS: DAVID MOONEY $383,158 PHILIP SALIS $87,734 TIMOTHY WARTMAN $89,057 LEE SCHAFER $87,359 JASON OSTERHAGE $80,493 GEORGE RUDOLPH $81,231 HARRY ZHU $79,014 FORM 990, PART VI, SECTION A, LINE 6 THERE IS ONLY ONE CLASS OF MEMBERSHIP WITHIN THE CREDIT UNION. ORGANIZATION AND TRUST ACCOUNTS ARE ALLOWED WITH OWNERSHIP SPECIFICALLY TIED BACK TO THE INDIVIDUAL. THE ONLY ORGANIZATION ACCOUNTS ALLOWED WITHIN THE BYLAWS OF ALLIANT ARE NOT FOR PROFIT ENTITIES AND/OR ASSOCIATIONS. FOR PURPOSES OF VOTING, EACH FULL SHARE ($5) IS AFFORDED ONE VOTE WITH RESPECT TO REGULAR SHARES. THEREFORE, INDIVIDUAL ACCOUNTS CAN HAVE MULTIPLE VOTES BASED UPON THE VALUE OF THE ACCOUNT RELATIVE TO INDIVIDUAL FULL $5 INCREMENTS. FOR TRUST AND ORGANIZATIONAL ACCOUNTS, EACH ACCOUNT IS AFFORDED ONE VOTE NO MATTER THE DOLLAR AMOUNT OF THE ACCOUNT. FORM 990, PART VI, SECTION A, LINE 7A THERE IS ONLY ONE CLASS OF MEMBERSHIP WITHIN THE CREDIT UNION. ORGANIZATION AND TRUST ACCOUNTS ARE ALLOWED WITH OWNERSHIP SPECIFICALLY TIED BACK TO THE INDIVIDUAL. THE ONLY ORGANIZATION ACCOUNTS ALLOWED WITHIN THE BYLAWS OF ALLIANT ARE NOT FOR PROFIT ENTITIES AND/OR ASSOCIATIONS. FOR PURPOSES OF VOTING, EACH FULL SHARE ($5) IS AFFORDED ONE VOTE WITH RESPECT TO REGULAR SHARES. THEREFORE, INDIVIDUAL ACCOUNTS CAN HAVE MULTIPLE VOTES BASED UPON THE VALUE OF THE ACCOUNT RELATIVE TO INDIVIDUAL FULL $5 INCREMENTS. FOR TRUST AND ORGANIZATIONAL ACCOUNTS, EACH ACCOUNT IS AFFORDED ONE VOTE NO MATTER THE DOLLAR AMOUNT OF THE ACCOUNT. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE MANAGER OF FINANCIAL REPORTING. A FINAL REVIEW OF THE FORM 990 IS COMPLETED AND SIGNED OFF BY THE VICE PRESIDENT OF ACCOUNTING. ONCE THE RETURN IS COMPLETED AND FILED, MANAGEMENT COMMUNICATES TO THE BOARD OF DIRECTORS THAT WE HAVE MET THE FILING REQUIREMENTS OF THE FORM 990 WITH THE IRS BUT A COPY IS NOT PROVIDED. THE FORM 990 IS ALSO REVIEWED BY AN INDEPENDENT ACCOUNTING FIRM. FORM 990, PART VI, SECTION B, LINE 12C ALLIANT CREDIT UNION REGULARLY MONITORS AND ENFORCES THE COMPLIANCE OF OUR CONFLICT OF INTEREST POLICY THROUGH PERIODIC AUDITS AND ENFORCEMENT OF VENDOR MANAGEMENT POLICIES. ALL ALLIANT EMPLOYEES AND BOARD MEMBERS ARE SUBJECT TO THIS POLICY. THE CONFLICT OF INTEREST REVIEW PROCESS IS COMPLETED BY ALLIANT'S GENERAL COUNCIL AND CHIEF ETHICS OFFICER. IF A CONFLICT OF INTEREST WOULD OCCUR, THE INDIVIDUAL WOULD RECUSE THEMSELVES FROM THE MATTER. IF A BOARD MEMBER HAS A CONFLICT OF INTEREST, THE INDIVIDUAL WOULD ANNOUNCE TO THE BOARD MEMBERS DURING THE BOARD MEETING THAT THEY ARE RECUSING THEMSELVES FROM THE MATTER AT HAND. FORM 990, PART VI, SECTION B, LINE 15A & LINE 15B COMPENSATION OF ALL POSITIONS WITHIN THE CREDIT UNION ARE BENCHMARKED AGAINST THE EXTERNAL MARKET USING AN OUTSIDE SERVICE. ADDITIONALLY AND WHERE AVAILABLE, SURVEY DATA WITH COMPARABLE POSITIONS IN COMPARABLE MARKETS IS USED FOR COMPARISON AND BENCHMARKING. COMPENSATON STRATEGY FOR POSITIONS OTHER THAN OFFICER LEVEL POSITIONS ARE REVIEWED BY THE FUNCTIONAL SENIOR VICE PRESIDENT AND VICE PRESIDENTS. FOR OFFICER LEVEL POSITIONS, THE COMPENSATION IS REVIEWED AND CONFIRMED BY THE CEO. THE CEO'S COMPENSATION IS VALIDATED AND RECOMMENDED FOR APPROVAL THROUGH THE CHAIRPERSON OF BOD AND THE BOARD'S TALENT AND COMPENSATION COMMITTEE. THE LAST REVIEW WAS COMPLETED IN DECEMBER 2019. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE READILY AVAILABLE TO THE GENERAL PUBLIC. IF THOSE DOCUMENTS WERE SPECIFICALLY REQUESTED, A COPY WOULD BE PROVIDED TO THE MEMBER. THE FINANCIAL INFORMATION IS AVAILABLE IN A NUMBER OF WAYS. AN ANNUAL REPORT OF UNAUDITED INFORMATION IS AVAILABLE ON THE CREDIT UNIONS WEBSITE. IN ADDITION, SPECIFIC FINANCIAL INFORMATION IS REQUIRED PER REGULATORY AUTHORITY TO BE FILED QUARTERLY WITH THE NATIONAL CREDIT UNION ASSOCIATION AND THE ILLINOIS DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION. THIS INFORMATION IS AVAILABLE TO THE GENERAL PUBLIC THROUGH A THIRD PARTY SITE. IN ADDITION, AN ANNUAL REPORT IS PROVIDED TO A MEMBER UPON SPECIFIC REQUEST. FORM 990, PART XII, LINE 2B ALLIANT CREDIT UNION DOES HAVE AN AUDIT PERFORMED AT THE JUNE 30 FISCAL YEAR END FINANCIAL STATEMENTS. ALLIANT CREDIT UNION FOUNDATION 11545 W TOUHY AVENUE CHICAGO IL 60666 711052113 PTIVATE FDN IL 501(C)(3) PRIVATE FDN NA false false false false false false false false false false false false false false true true false false false false